The majority of U.S. adults (54%) are planning to spend less on travel, dining, or live entertainment this year compared to last year, according to a Bankrate survey. This has led to a decrease in luxury spending, particularly among retailers that cater to discretionary spending. The company, Leslie's Pools, the largest direct-to-customer brand in the US. It closed 80 underperforming stores in Q1 of 2025 and implemented a new operating plan based on value. Despite these setbacks, CEO Christopher Kempczinski believes the company could return to growth through renewed pricing and revitalized marketing. S&P Global Ratings has downgraded the issuer credit rating of US specialty pool supply retailer, Leslie’s Poolmart Inc., from ‘B-’ to ’B-' for its prospects for fiscal 2025.